🏡 Freshly Renovated Section 8 Rental in Broadway East — New Tenant Already in Place
🔑 Cash Flow Starts at Closing
- 🏛️ Section 8 tenant moved in September 2026 — $1,729/mo, with the housing authority paying $1,657 and the tenant just $72.
- ✅ Just passed its Section 8 inspection — the hard part is already done.
- 💹 10%+ cap rate on an all-in basis (price + closing costs), with professional management and a full month of maintenance reserves built into the numbers.
- 📈 14.8% gross yield at $139,900.
📊 Investment Highlights
- 🛏️ 2 bedrooms plus a den and 1 full bath — lives bigger than a standard 2BR.
- 🍳 Renovated kitchen with white shaker cabinets, granite counters, a breakfast-bar peninsula and stainless steel appliances.
- ✨ Open main level with luxury vinyl plank flooring, recessed lighting, a ceiling fan and fresh paint throughout.
- 🛁 Updated bath with a tiled tub surround and new fixtures.
- 🧺 Washer and dryer included, plus a full basement for storage.
- 🌳 Fenced rear yard with a back porch.
- 🧱 Classic 1905 brick rowhome, ~1,200 sq ft (per seller), cooled by window units.
📁 Documented & Verified
- 📜 Section 8 HAP contract signed 9/11/2026 — $1,729/mo, with $1,657 paid direct by the housing authority.
- 🗓️ Lease runs through 9/30/2027, then month-to-month.
- ✅ Passed its Section 8 housing quality inspection on 8/21/2026.
- 🏛️ Baltimore City rental license in place through 9/11/2028.
- 🛡️ Maryland lead certificate — full risk reduction, passed 7/19/2026.
- 🔌 Tenant pays gas heat, cooking gas, electric, hot water and AC.
- 💰 Full month's security deposit ($1,729) collected at move-in.
- 🧹 Lease puts pest control and drain clogs on the tenant.
- 🍽️ Stove, refrigerator, washer and dryer included.
📍 Broadway East Insights
- 🏥 Minutes from the Johns Hopkins Hospital campus, East Baltimore’s largest employer.
- 🚌 Close to the North Ave and Broadway bus corridors, with quick access to downtown.
- 🏘️ Steady Section 8 rental demand in an area seeing renovation activity on the surrounding blocks.
⭐ Why 1825 E Lafayette Ave Stands Out
- 💰 10%+ cap rate with government-backed rent paying 96% of the check.
- 🔒 Renovated, inspected and leased — no rehab, no vacancy, no tenant search.
- 🔁 Turnkey from day one, with full-service management available.
📲 Call Cris Now — (919) 675-2747
Run the numbers — 1825 E Lafayette Ave
Change the down payment or rate — every figure updates. Management at 10% and a full month’s rent in maintenance reserves are already built in.
Annual Revenue & Expenses
| Gross rent ($1,729 × 12) | $20,748 |
| Property taxes | −$1,236 |
| Home insurance | −$600 |
| Property management 10% | −$2,075 |
| Utilities – water | $0 |
| Ongoing maintenance | −$1,729 |
| Net operating income | $15,108 |
| Total investment (incl. $5,781 closing) | $145,681 |
| Cap rate (cash purchase) | 10.37% |
Financing
| Down payment (25%) | $34,975 |
| Est. closing costs | $5,781 |
| Cash to close | $40,756 |
| Loan amount | $104,925 |
| Mortgage payment / mo | $716 |
| Annual cash flow after debt | $6,519 |
Estimates only, not a guarantee of future performance. Closing costs estimated at 3.435% of price (transfer, recordation, title) plus $975 in fixed fees. Maintenance reserve = one month’s rent per year. Management = 10% of collected rent (minimum $99/mo). Financed figures assume a conventional or DSCR investor loan; actual rate, terms, and eligibility depend on the lender. Buyer to verify all figures independently.
Pro forma figures are estimates based on current rent less estimated property taxes, insurance, management, maintenance reserves and closing costs. Property details and features are as provided by the seller and public records. Buyer to verify all figures and complete their own due diligence.